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Contract Creation And Management

Running head: LAWRENCE SPORTS ALTERNATE BENCHMARKING

Lawrence Sports Alternate Benchmarking

University of Phoenix
MBA 550 – Resource Optimization
Robert Armbrust, B.S., MBA
Online Facilitator
February 25, 3008



Introduction
In this paper, the learner will be able to identify best practices in working capital management in a given industry that impact financial, economic, and global environments on resource optimization. Working capital strategies to prepare for long-term opportunities, the purpose of cash budgeting, cash flow analysis, the risks and opportunities of working capital strategies, and the ethical implications of competing working capital alternatives will be identified by looking at how companies in other industries have addressed specific issues. The desired end state will be described by realizing the opportunities and addressing the challenges of Lawrence Sports.
Scenario Based Assignment
Due Monday: Learning Team – Lawrence Sports Benchmarking
After reviewing the Lawrence Sports simulation, you will identify several issues that directly connect to the concepts in the mind maps for weeks 1 through 3. In addition to reading the assigned text materials to develop knowledge about the concepts, a thorough master’s-level education requires the development of effective research skills. In this assignment, you will work collaboratively to create a rich source from which you will individually develop alternative solutions for Lawrence Sports. John Lin, founder and CEO of Shang-wa Electronics, is looking forward to smelling the roses. He is 68 and has a desire to retire. The ride has been good due to his relationship with Bernard Lester, CEO and founder of Lester Electronics. Due to his lack of continuity planning for the business his best course of action is to explore the options for selling the business. David Antone, CEO of Transnational Electronics (TEC) has shown an interest in acquiring Shang-wa.
If TEC acquires Shang-wa the...